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Mexican Peso recovers as carry-trade unwind fades
The Forex Market· 1 day agoThe Mexican Peso is strengthening as the effects of the unwinding carry trade diminish. Gains may be capped by continued bets that Banxico will cut...
Gold Price Forecast: XAU/USD challenges critical support
The Forex Market· 2 days agoGold remains under selling pressure on Thursday, trading near a fresh multi-week low of $2,357.92.
Gold remains on edge near $2,400 ahead of US data-packed week
The Forex Market· 5 days agoUS President Biden withdraws the re-election bid and nominates Kamala Harris to lead the Democrats....
EUR/USD: Euro on defensive mode is fighting near 1,0850 level
The Forex Market· 1 day agoThe announcement on the growth rate of the United States maintained optimism that the American...
WTI trades with modest gains below $79.00 mark, close to over one-month low set on Friday
The Forex Market· 6 days agoThis comes on top of growing acceptance that the Federal Reserve (Fed) will begin its rate-cutting...
WTI holds steady above $78.00 mark as traders keenly await US PCE data
The Forex Market· 2 days agoA combination of factors continues to act as a tailwind for Crude Oil prices on Friday. Worries...
Japanese Yen appreciates due to risk-off flows
The Forex Market· 5 days agoThe Japanese Yen (JPY) extends its gains for the second successive session on Tuesday, which could be attributed to the increased risk aversion.
Pound Sterling remains on defensive ahead of preliminary UK/US PMI
The Forex Market· 4 days agoThe Pound Sterling (GBP) continues to hold the key support level of 1.2700 against the US Dollar (...
US GDP expands at an annual rate of 2.8% in Q2 vs. 2% forecast
The Forex Market· 2 days agoFollow our live coverage of the US GDP report and the market reaction. Further details of the report showed that the Gross Domestic Product Price Index rose 2.3% in the second quarter, coming ...
Gold Forecast: XAU/USD set to challenge key $2,360 support ahead US Q2 GDP
The Forex Market· 2 days agoGold price is licking its wound, having seen a dramatic fall to near $2,370 in Asian trading after...